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Oil: Refineries

Energy and Climate Change written question – answered on 12th May 2011.

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Photo of Michael Connarty Michael Connarty Labour, Linlithgow and East Falkirk

To ask the Secretary of State for Energy and Climate Change what assessment he has made of the potential effects of his proposed floor price for carbon on the operating costs of companies in the oil refining industry.

Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury

I have been asked to reply.

An assessment of the impacts of the carbon price floor is given in HMRC's Tax Information and Impact Note published alongside the Budget. This is available online at

http://www.hmrc.gov.uk/budget2011/tiin6111.pdf

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